NBA contract update: Kyle Anderson set for Timberwolves return in a buyout agreement involving Grizzlies

Minnesota is turning to a familiar face as the playoff race tightens in the Western Conference. Kyle Anderson is returning to the Timberwolves after reaching a buyout agreement with the Memphis Grizzlies.

The veteran forward could be available as soon as Sunday in Denver, giving Minnesota an immediate boost in experience and versatility.The 32-year-old forward knows the system, the locker room, and the stakes. He played a huge role in Minnesota’s run to the Western Conference finals in 2024 and built a reputation for steady play and sharp decision-making. Now, with the Timberwolves sitting at 36 to 23 and holding fifth place in the West, his return arrives at a pivotal point in the season.

Kyle Anderson reaches a buyout agreement with the Grizzlies

Kyle Anderson reached a contract buyout with the Memphis Grizzlies, per ESPN’s Shams Charania. The veteran forward is planning to join the Minnesota Timberwolves for the rest of the season.

Anderson began the 2025- 26 season with the Utah Jazz before being traded to Memphis as part of the Jaren Jackson Jr. deal. His second stint with the Grizzlies lasted only four games. In that span, he averaged 9.3 points and 3.5 rebounds in 22.3 minutes per contest.

For the season across Utah and Memphis, he posted 7.5 points, 3.3 rebounds, and 2.7 assists in 20.4 minutes per game.His path back to Minnesota closes a busy chapter that included stops with Golden State and Miami following his three-year, $27 million deal in 2024. Now, he returns to a franchise where his impact extended beyond the box score.

What Kyle Anderson’s buyout agreement means for the Grizzlies and the Timberwolves

For Minnesota, the move strengthens a roster with postseason ambitions. Anderson averaged 7.3 points, 4.3 rebounds, and 4.5 assists during his previous two seasons with the Timberwolves.

He started 46 games in his first year with the team and helped stabilize lineups, adjusting to major roster changes. Coaches consistently valued his court vision, defensive awareness, and leadership.For Memphis, the departure creates a gap in veteran presence. The Grizzlies are developing young talent such as GG Jackson II, Jaylen Wells, and Cedric Coward. Anderson’s experience and defensive instincts could have supported that growth. Minnesota continues the demanding stretch run.